Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 80.25 are needed to confirm that a short-term low has been posted. If December renews the decline off July's high, weekly support crossing at 78.55 is the next downside target.
First resistance is the reaction high crossing at 80.25.
Second resistance is the 38% retracement level of the July-September decline crossing at 80.97.
First support is last Friday's low crossing at 79.18.
Second support is September's low crossing at 78.72.
